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[Lite Strategy Leads $1 Million Investment in LitVM to Build Litecoin Layer 2 Network] According to ZK Innovations, Nasdaq-listed company Lite Strategy has led a $1 million strategic funding round for LitVM. LitVM is building a Layer 2 network for Litecoin based on zero-knowledge proofs, aiming to introduce smart contracts, decentralized finance, real-world asset tokenization, and cross-chain liquidity functionalities. Lite Strategy will gain governance participation rights and a portion of future network tokens from LitVM. Lite Strategy board member Charlie Lee stated that the programmable layer is expected to drive the adoption of new applications while maintaining Litecoin's security and decentralization characteristics.